343: 343: Business tax hacks to pay less taxes

In this video, Nick Huber and Mitchell Baldridge, CPA, discuss tax efficiency and things you can do to defer and pay less taxes. 

From section 179 to QSBS to retirement accounts, they cover the things you MUST KNOW if you run a small business.

If you want to learn more about Nick and Mitchell’s tax related companies, check out RE Cost Seg, Tax Credit Hunter and Better Bookkeeping.

 

Timestamps:

03:13 – S-Corps

08:14 – QBI optimization

14:50 – Bonus Depreciation

21:20 – Section 179 and car mileage

30:11 – Mega Backdoor ROTH

33:55 – ERC Tax Credit 

39:09 – R&D Tax Credit

41:14 – 45L Tax Credits

42:40 – Donor Advised Funds

47:07 – “The Augusta Rule”

48:41 – SALT Cap Workarounds

51:03 – Q&A

 

FREE PDF – How to analyze a property and know what it’s worth: https://sweatystartup.ck.page/79046c9b03

 

Special thanks to the sponsors: https://www.betterbookkeeping.com – End to end tax and financial service for founders and soloprenuers

https://Recostseg.com – Lower your taxes and increase cash flow

https://Taxcredithunter.com – Helping businesses claim millions in tax credits

 

Check out my free Delegation / Hiring 101 course!

Click here: https://nickhuber.podia.com/delegation-hiring-101

 

Check my free resources about Real Estate: https://sweatystartup.com/courses/

 

Join my Real Estate community here: https://sweatystartup.com/rec

 

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

 

Want to hire me as a consultant?

Click here: https://sweatystartup.com/storage

 

Here are the links to my businesses:

Business Brokerage – https://nickhuber.com/

Personal Brand – https://sweatystartup.com/

Self Storage – https://boltstorage.com/

Bold SEO – https://boldseo.com/

Insurance – https://titanrisk.com/

Recruiting – https://recruitjet.com/

Landing Page / Web Development – https://webrun.com/ 

Overseas Staffing – https://supportshepherd.com/

Debt and Equity – https://bluekeycapital.com/

Tax Credit – https://taxcredithunter.com/

Cost Segregation – https://recostseg.com/

Performance Marketing – https://adrhino.com/

Pest control – https://spidexx.com/

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About Me

I started the Sweaty Startup in December of 2018 because I believe the Shark Tank and Tech Crunch culture is ruining the real spirit of low-risk entrepreneurship.